ETFs React To Tech Earnings

April 20, 2012

 

With IBM and Intel—two major components in the tech sector—reporting their slowest sales growth in two years and Qualcomm reporting mixed results, the once-solid gains of tech-focused ETFs seem to be on a decline, according to an article on Fox Business.

While these funds have managed to post significant gains throughout this year, each fund slipped on Thursday:

  • The S&P North American Technology-Multimedia Networking Index Fund (NYSEArca: IGN) -0.41 percent
  • iShares Dow Jones U.S. Technology Fund (NYSEArca: IYW) -1.52 percent
  • Market Vectors Semiconductor ETF (NYSEArca: SMH) -0.63 percent
  • PowerShares QQQ (NasdaqGM: QQQ) -1.13 percent
  • Technology Select Sector SPDR (NYSEArca: XLK) -1.01 percent

 

Visit FoxBusiness.com for additional information on the funds listed.

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